Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Residential & Mixed Use
Developer breaks ground on 156-unit apartment tower, first of two in West New York

Construction is underway on the first of two towers that will make up a new 312-unit apartment complex in the Hudson County town of West New York.

Industrial
Stro, KRE break ground on 205,000 sq. ft. industrial building in Woodland Park

A development team has kicked off construction on more than 200,000 square feet of new industrial space in Woodland Park, touting a location just off Route 46.

Industrial
Tulfra inks 7,500 sq. ft. lease in Whippany with 3D printing company

Tulfra Real Estate has added to its tenant roster at a Hanover commercial property, where it has signed a lease for more than 7,500 square feet with a 3D printing company.

Office
Investment firm taps Newmark as leasing agent for newly added Woodbridge office park

The new owner of a six-building, 630,000-square-foot office campus in Woodbridge has retained Newmark as its leasing agent at the property.

Retail
C&W: Investment firm acquires Burlington County furniture store property for $9.9 million

An investment firm has acquired a Macy’s Furniture Gallery store in Burlington County, in a newly completed transaction by Cushman & Wakefield.

Policy Page
Infrastructure investment: A winning strategy for resilience

We can likely all agree that modern and efficient infrastructure systems are a major factor in real estate development and investment decisions. Such strategic, long-term investments lead to increased opportunities for commercial real estate development and result in stronger job creation and economic growth for our communities.

Top News
Film studio, state’s largest and first purpose-built production space, opens in Jersey City

New Jersey’s first purpose-built film studio has opened its doors in Jersey City, seeking to capitalize on the state’s efforts to attract and subsidize the television and movie industry.

Government & Public Policy
Newark outlines five-year plan to create, preserve 6,600 affordable housing units

Newark city officials have set out to create or preserve 6,600 units of affordable housing over the next five years, part of a new plan aimed at helping lower-income and homeless residents.  

Office
Investor acquires 32,000 sq. ft. Rutherford office building, Colliers says

A private investor has purchased a fully leased, multitenant office building in Rutherford, under a newly announced transaction by Colliers International.

Retail
Global bakery chain taps CBRE, eyes 1,000 new locations in North America

A bakery and café concept has retained a New Jersey-based team with CBRE to spearhead its expansion throughout North America.